Hey there! Are you interested in learning about Ethereum’s price history?
If so, you’ve come to the right place.
This article will give you an overview of Ethereum’s price history by month, starting from January 2020.
You’ll get a sense of how Ethereum prices have changed over the last year, and how they may change in the future.
So, let’s get started!
January 2020
January 2020 saw Ethereum reach new heights, as its price skyrocketed! The cryptocurrency began the month at a price of $128.30 and quickly rose to a high of $170.65 by January 8th.
The market then cooled off, and Ethereum ended the month with a slightly lower price of $157.84. The market saw a lot of volatility in January with prices rising and falling by double-digit percentages at times.
This was due to a combination of factors, including speculation about the Ethereum 2.0 upgrade, investor enthusiasm about the DeFi sector, and overall bullish sentiment in the crypto market.
Despite the volatility, Ethereum still managed to end the month with a significant gain of 22.6%.
February 2020
In Feb, crypto investors felt the impact of market volatility. Ethereum experienced a sharp increase, soaring from $170 on February 1 to a high of $280 by the 18th, largely due to the launch of Ethereum 2.0.
This was followed by a dip to $230 on the 25th, but the price quickly rebounded and continued to rise to end the month. As a result, ETH closed at $278 on February 29, representing a gain of 39% compared to the beginning of the month.
The surge in Ethereum’s price was also accompanied by an increase in trading volume, with February seeing over $8 billion in ETH trading volume, compared to $4 billion in January.
This was driven by a combination of institutional and retail investors, both of whom have been attracted by Ethereum’s potential as the backbone of the decentralized finance (DeFi) economy.
Ethereum’s price is likely to remain volatile in the coming months, but its long-term prospects look promising.
March 2020
March saw a continuation of the volatility in the cryptocurrency market, with ETH prices continuing to experience highs and lows. Ethereum started the month of March at a price of $203.87 USD and then quickly rose to a high of $263.50 USD on March 13th.
It then experienced a large correction and dropped to a low of $126.20 USD on March 16th, before rising again to a high of $235.04 USD on March 28th. Despite this volatility, Ethereum closed the month at a price of $219.60 USD, which was still higher than its starting price.
The market cap of Ethereum also increased from $22.45 billion USD to $25.22 billion USD during the month. The increase in market cap could be attributed to the increased demand for Ethereum from institutional investors.
This trend is expected to continue throughout the year, with Ethereum prices likely to remain volatile.
April 2020
April 2020
April saw the cryptocurrency market continue to experience highs and lows, with Ethereum prices fluctuating significantly.
On April 1st, Ethereum opened at a price of $147.17 and closed at $142.91.
Prices then rose to peak at $188.84 on April 8th, followed by a gradual decline.
Ethereum prices then bottomed at $131.86 on April 30th, representing a drop of 11.6% since the beginning of the month.
Despite the drop, Ethereum still saw a net increase of 7.6% since the start of 2020.
This indicates that despite the volatility in the market, Ethereum is still showing overall positive growth.
May 2020
May 2020
May saw continued fluctuations in the cryptocurrency market, with investors watching to see if the overall positive trend from the start of the year would hold. Ethereum was no different, having begun the month at a price of around $188 and ending it at a slightly lower price of $178.
Despite this decline, Ethereum still saw an overall increase compared to the beginning of the year, with a current market capitalization of over $20 billion.
The month of May was marked by continued volatility in the Ethereum market, with prices bouncing between $175 and $190. The market saw a brief surge in the middle of the month, briefly pushing Ethereum above the $200 level. Despite this, the overall trend for the month was a downward one, with Ethereum unable to sustain any substantial increase in value.
Nevertheless, the cryptocurrency still remains one of the most popular in the world, with many investors continuing to hold onto their Ethereum investments.
Conclusion
You’ve seen the ethereum price history from January to May of 2020. The numbers show that ethereum has had quite a volatile journey in the first five months of the year.
Prices started off strong in January, only to dip considerably in February and March.
April saw a slight rise, and May ended with a moderate increase.
Overall, it’s been an unpredictable year for ethereum, but things seem to be looking up.
The future of ethereum is uncertain, but if history is any indication, it should be an exciting ride.
